Ford aims to sell 8 million cars yearly by 2020

Ford Motor Co.
F, +1.07%
wants to sell 8 million cars a year by 2020, up from 5.7 million in 2012, German newspaper Die Welt reported on its website Sunday, citing CEO Alan Mulally. He said the company strived for a profit margin of 8% to 10% and cited the U.S. and China as promising markets.

In Europe, he told the newspaper, the bottom has been reached, and he cited signs the market can recover.

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